Operational Risk Management & Techniques Training

Program Date

24 Jun 28 Jun 2024

Program Location

Ashgabat, Turkmenistan

Program Venue

Ak Altyn Hotel

Registration & Payment Deadline

30 Apr 2024

Program Overview

Recent events in the world have brought the subject of risk into a higher profile. Evaluating the range of available risk management techniques and choosing the most appropriate response in each case is an increasingly significant element of managerial responsibility in today’s business environment.

This program brings techniques, practices, and lessons learned for effectively identifying, understanding, managing, and mitigating risks, simulation environment component deployments, represents unprecedented challenges and requires effective risk management with a touch on the multi-level risk management.

The fundamental purpose of this workshop goes beyond risk management processes as such and learning how to weave effective risk management practices, techniques, and methods into all aspects of migrating into the next generation of modern Risk control.

Operational Risk Management & Techniques Training in Ashgabat, Turkmenistan is also intended to leverage and extend the risk management experience of the participants by looking for common best practices and unique processes that have been especially successful. This workshop assessed the effectiveness of tools and techniques that are or could be helpful in risk management, with a special emphasis on how practice meets process.

Target Audience

This program is designed and highly beneficial for:

  • Professionals in audit, risk management and compliance
  • Business leaders & members of Boards.
  • Enterprise Risk Managers, PMO Managers, Risk And Quality Control Managers
  • Risk Officers & Product Control Managers
  • Compliance Managers, Value Managers, Business Strategy Managers
  • Anyone interested in Risk Management Field.

Program Objectives

By the end of this course you will be able to:

  • Define and understand risk management terminology in the context of participants working place
  • Identify top risks and share existing practices and methodologies
  • Understand how risk management practices and methodologies can be appropriately tailored to the level of risk associated with the activity
  • Share lessons learned from past management of risk activities
  • Discuss who should be responsible for various classes of risk and what are appropriate risk-sharing strategies
  • Establish communication paths for managerial and technical staff at multiple sites to continue the discussion on effective risk management practices.

Program Contents

The Nature of Risks
  • Knowing risks
  • Characteristics of risk
  • Risk vs. opportunity
  • Benefits of risk management
Management Process
  • Integrating risk management into the project planning process
  • Roles and responsibilities in managing risk
  • Success factors in effective risk management
  • The risk management process steps
  • Planning to avoid failures
  • Engaging stakeholders
  • Setting up a framework for addressing risk
  • Project risk workshops
Risk Identification
  • Principles of identifying risk
  • People-oriented techniques
  • Tools-oriented techniques
  • The risk breakdown structure
  • Defining risks correctly and accurately
  • Establishing a risk register
  • Qualitative methods for analyzing risks
  • Defining probability scales
  • Assessing impact of risks on project constraints
  • Determining expected value of risk
  • The PERT method
  • The Buffer method
  • Monte-Carlo simulation
  • Qualitative ranking methods
  • Quantitative ranking methods
  • Using filtering to segment risks
  • The comparative risk ranking technique
  • Updating the risk register
Risk Response Strategies
  • Response strategies for threats
  • Defining preventive actions
  • Creating contingency plans
  • Defining risk response triggers
  • Integrating risk responses into the project plan
  • Understanding risk response interactions
  • Risk reserves
  • Finalizing the risk management plan
Monitoring and Control
  • Risk reviews
  • Monitoring risk status and triggers
  • Executing risk responses
  • Evaluating risk plan performance
  • Responding to the unexpected
  • Risk re-assessment
  • Maintaining the risk register
  • Communicating and reporting risk exposure to stakeholders
Risk Management at Project Closeout
  • Final risk review and assessment
  • Capturing lessons learned
  • Proactive management of future risks.

Program Methodology

During Operational Risk Management & Techniques Training in Ashgabat, Turkmenistan. A combination of plenary sessions to provide a common perspective to all the attendees and of breakout sessions for more detailed interactive discussion on different aspects of risk management theory and practice.

Program Fee

Payment Options

Fee Covers

  • Visa Assistance (complementary)

  • Participant Assessment

  • Airport Pickup

  • Accommodation

  • Wi-Fi

  • Welcome Dinner

  • Breakfast

  • Workshop Kit

  • Program Materials

  • Program Experts

  • Practical Activities

  • Lunch

  • Refreshments

  • Interactive workshop

  • City Map & Direction

  • Risalat T-shirt

  • Field Visit

  • Program Certificate

  • Entertaining Tour

  • Program Report